Net Income $72.000 Review the additional case information below. Natalie and Curtis are thinking about borrowing an additional $20,000 to buy more equipment. The loan would be repaid over a 4-year period. The terms of the loan provide for equal semi-annual installment payments of $2,500 on May 1 and November 1 of each year, plus interest of 5% on the outstanding balance Dividends on preferred stock were $1.400. Since this is the first year of operations and the beginning balances are zero, use the ending balance as the average balance where appropriate. Complete the tasks listed below. a. Calculate the following ratios: 1. current ratio, 2. accounts receivable turnover, 3. inventory tumover 4. debt to assets ratio 5. times interest earned 6. gross profit rate 7. profit margin 8. asset turnover 9. return on assets and 10 return on common stockholders' equity b. Comment on your findings from item a c Based on your analysis in items a' and 'b do you think a bank would lend Cookie & Coffee Creations Inc 520,000 to buy the additional equipment? Explain your reasoning d What alternatives could Cookie & Coffee Creations Inc. consider instead of bank financing? Complete your calculations for item in either an Excel spreadsheet or a Word document If you complete item a" in an Excel spreadsheet complete items -d in a Word document and submit the Excel spreadsheet and the Word document in Blackboard. If you complete items 3-d" in a Word document submit your calculations to item a" and your responses for items "b-d" in a single Word document in Blackboard Your total submission should be a minimum of two pages in length including your calculations Include at least two references Adhere to APA Style when creating citations and references for this assighment Resources COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, 2021 $32 219 3.250 17,897 6.300 $59,666 $99,700 19.850) 89.850 529516 Current assets Cash Accounts receivable Inventory Prepaid Rent Property, plant, and equipment Equipment Accumulated depreciation equipment Total assets Liabilities and Stockholders'Equally Current liabilities Accounts payable Income taxes payable Dividends payable Salaries and wages payable Interest payable Notes payable current portion Long-term liabilities Notes payable long term portion Total liabilities Stockholders' equity Paid in capital Preferred stock 2 800 shares issued and outstanding Common stock, 25.930 shares issued, 25, 180 outstanding $5,786 18,500 700 2.250 250 4000 531.486 6.000 37 486 $14.000 25.930 Retained earnings Total paid in capital and retained earnings Less Treasury stock.common 750 shares at cost Total stockholders equity Total liabilities and stockholders equity 39 930 72.600 112 530 500 112.030 $149.516 $452 500 231250 231.250 COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2021 Sales Revenge Cost of goods sold Gross profit Operating penties Salaries and wages expense 392500 Depreciation expense 9.950 Other operating expenses 35.850 Incoase from operations Other expon Interest expense Income before income tax Income tax ponse 3138.200 93050 550 92.500 18.500 SER Cookie Creations (Chapter 18) This assignment is a continuation of the Cookie Creations case study For this assignment, you will apply what you have learned from Chapter 18 as an introduction to the financial analysis. This assignment will allow you to practice what you have learned so far. Natalie and Curtis have comparative balance sheets and income statements for Cookie & Coffee Creations, Inc. They have been told that they can use these financial statements to prepare horizontal and vertical analyses, to calculate financial ratios to analyze how their business is doing and to make some decisions they have been considering. Below, you are provided with the balance sheet and income statement of Cookie & Coffee Creations Inc, for its first year of operations the year ended October 31, 2021. Review the calculations below, and then review the additional case information to calculate the ratios